One has to compete with sweat shops all around the world to compete in this global economy. US is turning into a sweat shop because of global pressure on wages.

America as far as competition gos is in good position . it never competed with the sweat shops in the past , nor will it do in the future . it always has it's neche and quality and innovation to contribute rather than compete .
But it has two problems : the first is they never realize that the production is the one that gave them both victory in the war , and economical strength during, and after the war .not the other way around .
The second problem is wrong economical direction they took to devote every thing to finance activity and neglected every thing else . that took them to bubble after bubble boom and bust . wall street domination is the cause of problems .
Too much of any thing will kill you . and gambling is no exception .